I am trying to figure out how to report this sale. Bought and sold PTP in 2020. 1099B reports capital loss (Box B). K-1 form 1065 reports a lower cost basis due to Cumulative Adjustment to Basis, which would lead to short capital gain when compared to sales proceeds. K-1 sale schedule shows no ordinary gain/loss column, just initial basis, adjustment to basis and cost basis. As stated, i fully disposed of this PTP.
